◆ ACCOUNTANTS & ADVISERS
Insolvency and recovery advice for accountants & advisers
A practical route for accountants whose clients need to assess company rescue, tax arrears or closure options.
◆ UNDERSTANDING YOUR POSITION
Recognise when specialist input is needed
A client may present with missing returns, a growing HMRC balance or a cash-flow forecast that no longer balances. A wider discussion may be needed if creditors are escalating, payroll is at risk or the directors are considering continuing to trade despite persistent losses.
A concise referral should distinguish verified figures from missing records and explain what the client has authorised you to share. Include creditor deadlines and the advice already provided.
◆ PRESSURE POINTS
Where pressure
needs a closer look
Bring these issues into the first financial review. The right starting point depends on the structure and the full position.
Prepare a useful referral picture
With the client’s authority, a concise handover can include current accounts, aged debtors and creditors, tax balances, finance agreements and any creditor deadlines. Identify missing information rather than allowing assumptions to become the basis of a proposal.
Keep roles and communication clear
The client should understand who is advising on accounts, tax, legal proceedings and any formal insolvency appointment. Agree what information can be shared and avoid promising an outcome before the figures have been reviewed. Contact Vanguard Insolvency to discuss the company’s circumstances and the appropriate next step.
◆ PRACTICAL SUPPORT
Options to explore,
not a predetermined answer.
A concise referral should distinguish verified figures from missing records and explain what the client has authorised you to share. Include creditor deadlines and the advice already provided.
View all services →HMRC Time to Pay
Refer clients whose forecasts need a wider review of viability and creditor pressure.
HMRC Tax Arrears
Use an evidenced cash-flow forecast to explore a client’s tax repayment position.
Company Rescue & Restructuring
Bring tax types, return status and the correspondence needed to reconcile the client’s exposure.
Winding-Up Petition Advice
Escalate company petition papers with the hearing date and details of advisers already involved.
◆ YOUR FIRST CONVERSATION
A starting point for accountants and advisers
Confirm the client’s authority and the people involved in the handover.
Separate completed accounts from estimates, missing returns and unresolved balances.
Agree who gathers further information and how the client receives the next steps.
◆ FURTHER READING
Useful starting points
Tax arrears: a starting point for accountants and advisers ↗Repayment planning for accountants and advisers ↗Further guidance for accountants and advisers ↗A concise referral should distinguish verified figures from missing records and explain what the client has authorised you to share. Include creditor deadlines and the advice already provided.
◆ CONFIDENTIAL BUSINESS ADVICE
Discuss a client referral.
Outline the client’s situation, your role and any urgent deadline. We will help establish a practical handover and the information needed for review.
✓ Confidential first conversation
✓ Free and without obligation
✓ By telephone or video
◆ FREQUENTLY ASKED QUESTIONS
Questions, answered plainly.
What should an accountant include in an initial referral?
With the client’s authority, send a brief summary of the concern, recent management figures, tax balances and creditor deadlines. Identify any records that are incomplete or disputed.
Can the client’s accountant join the first discussion?
Tell us who the client wants involved and how they prefer communication to be handled. An agreed contact arrangement helps avoid duplicated requests and conflicting versions of the figures.
What if the accounts are not up to date?
Explain the period covered by the latest reliable records. Available bank data, payroll commitments and creditor correspondence can help establish what information needs to be assembled next.